Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
by
Galimore
on 30/12/2013, 18:49:08 UTC
what do you mean the house doesnt make millions? i UNDERSTAND THE 1% fee and so does haggis... do you realise that the final amount which does not get bought.. goes to the house? Thats millions... Or is there a post i missed where he states that the unbought LOTS goes to a shelter for homeless gambling addicts?

You're not very smart, are you? When you deposit money to coinbomb you're paying the guy before you, not the house. The 2 million coins from Lot 1 were sent to the last guy who bought in a ~1.2 million as his profit. The owner is just taking his 1% cut on each transaction.

Person A buys the first investment at 1000 coins. Person B buys it from him at 50% interest and deposits 1500 coins which are sent to person A as his profit. If the bomb were to then blow up, there's no 1500 coins left for the house to take. I'm not sure where you got that idea from.